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Griffin's Goat Farm, Incorporated, has sales of $604,000, costs of $385,000, depreciation expense of $51,000, interest expense of $23,000, and a tax rate of 21

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Griffin's Goat Farm, Incorporated, has sales of $604,000, costs of $385,000, depreciation expense of $51,000, interest expense of $23,000, and a tax rate of 21 percent. What is the net income for this firm? Multiple Choice $114,550 $188,550 $13,160 $165,550 $137,550

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